HSBC Interesting news

sophie · Post by **sophie** » Sat 29 Aug 2015 12:09 pm

In the Hurriyet Daily News today it says the HSBC are dragging their feet re sale of the Turkish business to ING because it has secured 5.2billion dollars for is Brazilian units. If they do go ahead then ING will be their preferred buyer. BTW I can't recommend the Hurriyet Daily News highly enough - available in most supermarkets or on line. If you want to learn what is happening in Turkey - and we would be a bit stupid not to want to - this is an excellent publication.

jofra · Post by **jofra** » Sat 29 Aug 2015 3:28 pm

This was also interesting news to several thousand people when they didn't get their money....
Mind you, other banks (NatWest, RBS) have also had similar problems recently - these darned computer systems...!

ozankoys · Post by **ozankoys** » Sun 30 Aug 2015 6:02 am

IMHO HSBC does not have its Turkish operations up for sale because it needs the cash so I very much doubt the sale in Brazil has affected it.

sophie · Post by **sophie** » Sun 30 Aug 2015 7:15 am

HDN say HSBC are dragging their feet as to an ultimate decision as their Brazilian sell off has taken the pressure off them for the time being.

Dalartokat · Post by **Dalartokat** » Wed 02 Sep 2015 7:10 pm

More of the same in Daily Sabah today.....................

http://www.dailysabah.com/finance/2015/ ... amid-risks